Tag: National Association of Insurance Commissioners (

Homeowners insurance rates grow nationwide

Logan B.
homeowners insurance rates grow

Homeowners insurance rates are increasing throughout the US Homeowners insurance has become a tricky subject in the U.S. Costs for this type of coverage are typically high in regions that are prone to natural disasters, such as those along the coastline of the Gulf of Mexico. States like Florida and Louisiana typically see high home insurance rates due to the fact that they have been victims of major hurricanes in the past. Homeowners insurance rates are growing, however, and this is not being restricted to just a few states. Rates…

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Health insurance policies throughout US could face cancelation

Logan B.
Health Insurance policies

Affordable Care Act may cause mass cancellation of health insurance policies In the U.S., the Affordable Care Act is meant to make health insurance coverage more available to a wider range of consumers. The federal health care law initially received strong praise for its provisions that would allow consumers to find the health insurance coverage they needed without being met with staunch rejection from private insurance companies. The problem, however, is that the law’s provisions may actually lead to many people losing their health insurance coverage as the law takes effect in…

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Insurance news being made by Amy Grant and her father

G. Turner
Insurance News Amy Grant NAIC

The Grammy award winning singer has announced her support for the NAIC in light of her dad’s health. The National Association of Insurance Commissioners has placed itself in the insurance news spotlight, as it makes headlines through the support that it has received through Amy Grant. The musician has been speaking about the importance of coverage to protect consumers against the unexpected. Grant has been making insurance news headlines as she highlights the benefits of purchasing policies to guard against damaging events. She explained that “Planning ahead and getting smart…

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Insurance Commissioners show concern over late release of regulations

S.Vagus
Health Insurance book report law

Insurance Commissioners worried that late issuance of regulations could harm implementation of Affordable Care Act After years of criticism for not providing enough guidance in regards to the implementation of the Affordable Care Act, the U.S. Department of Health and Human Services has begun issuing rules concerning the law at a rapid pace. These rules may help some states comply with the federal law in a more comprehensive manner, but their delayed issuance could also be creating some significant problems. Insurance Commissioners throughout the country have begun expressing concerns over…

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New life insurance rules may have dramatic impact on industry

Marc
New York Homeowners Insurance Rules

Top regulator warns of potential impact of new life insurance rules The New York Department of Financial Services has issued concerns regarding emerging rules that may affect the nation’s life insurance industry. Benjamin Lawsky, Superintendent of the agency, released a five-page letter to state insurance commissioners throughout the U.S. warning them that new rules for the life insurance sector could severely impact claims reserves and lead to insolvencies. These rules are summed up in “principles-based reserving,” a concept that has already become somewhat popular amongst states with flagging life insurance…

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